By Shreyashi Sanyal and Shristi Achar A (Reuters) – Wall Street indexes were subdued on Tuesday as talks over increasing the U.S. debt limit stretched to another round, keeping investors jittery on prospects of an unprecedented government default. White House and congressional Republican negotiators will meet again later in the day to discuss how to…
By Federico Maccioni and Alvise Armellini MILAN/ROME (Reuters) – Italy is experiencing a surge in rent prices, the country’s central bank said on Tuesday, against the backdrop of growing student protests over the rising cost of living in big cities. A combination of low salaries, a shortage of housing, the spread of short-term holiday rentals…
By Shadia Nasralla and Ron Bousso LONDON (Reuters) – Shell shareholders overwhelmingly supported the energy giant’s strategy at a raucous annual general meeting disrupted by climate activists who tried to storm the stage. Tuesday’s meeting highlighted the growing tension Shell and its peers face as they try to navigate growing investor pressure to accelerate their…
By Renee Maltezou and Angeliki Koutantou ATHENS (Reuters) – Greece’s two main opposition parties on Tuesday turned down mandates offered to them to form a coalition government, setting the stage for a second election in June after an inconclusive vote on May 21. Leftist Syriza leader Alexis Tsipras and Socialist PASOK head Nikos Androulakis handed…
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a sharp decline in prices from last year’s lofty levels. The report from the Commerce Department on Tuesday followed on the heels of…
(Reuters) – Apple Inc said on Tuesday it would host its annual developers’ conference from June 5 to June 9, where the iPhone maker is expected to unveil its latest software updates. The event will take place online, said Apple. (Reporting by Tiyashi Datta in Bengaluru)
By Joseph White DEARBORN, Michigan (Reuters) – Ford Motor Co CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade. “The third cycle of connected, digital…
By Jason Lange WASHINGTON (Reuters) -The U.S. government could fall behind on its bills next month – and even default on its debt – if Congress doesn’t raise a $31.4 trillion cap on government borrowing, a failure that could trigger economic calamity and panic on global financial markets. What follows is a timeline showing how…
WASHINGTON (Reuters) – The U.S. Treasury said on Tuesday it is asking other federal agencies for greater clarity and communication on the payments they expect to make and receive in the coming days to more accurately forecast when the government will run short of cash without an increase in the federal debt ceiling. A Treasury…
By Andrew Mills DOHA (Reuters) -Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” given the “unusual” terms of the deal, which prioritised shareholders over bondholders. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this very unusual…
